News Highlight Thursday, May 16, 2024

‘Upgraded’ version of CPEC; China ready to work with Pakistan – Positive
https://epaper.brecorder.com/2024/05/16/1-page/993070-news.html

Govt raises Rs640bn, slashes T-bill yields by up to 49bps – Neutral
https://www.dawn.com/news/1833755/govt-raises-rs640bn-slashes-t-bill-yields-by-up-to-49bps

March LSMI output up 2.04pc YoY – Neutral
https://epaper.brecorder.com/2024/05/16/1-page/993073-news.html

Roosevelt Hotel listed for privatization – Positive
https://tribune.com.pk/story/2466772/roosevelt-hotel-listed-for-privatization

FBR likely to be tasked to collect up to Rs11.5tr next fiscal – Neutral
https://www.thenews.com.pk/print/1189461-fbr-likely-to-be-tasked-to-collect-up-to-rs115tr-next-fiscal

Petrol price slashed by Rs15.39, HSD’s by Rs7.88 – Positive
https://epaper.brecorder.com/2024/05/16/1-page/993071-news.html

Motor gasoline demand seen rising 5-6pc in next five year: OCAC – Positive
https://www.thenews.com.pk/print/1189446-motor-gasoline-demand-seen-rising-5-6pc-in-next-five-year-ocac

Govt seeks 25pc hike in electricity tariff – Neutral
https://www.dawn.com/news/1833756/govt-seeks-25pc-hike-in-electricity-tariff

Power sector seeks Rs1.25tr subsidy in next fiscal – Neutral
https://www.thenews.com.pk/print/1189632-power-sector-seeks-rs1-25tr-subsidy-in-next-fiscal

Revision of buyback rates; PM directs Nepra, PD to amend net metering rules – Neutral
https://epaper.brecorder.com/2024/05/16/1-page/993068-news.html

Govt, fertiliser makers strike deal to regulate urea prices, ensure Mari gas supply – Positive
https://www.thenews.com.pk/print/1189443-govt-fertiliser-makers-strike-deal-to-regulate-urea-prices-ensure-mari-gas-supply

Pakistan, US agree to boost cooperation in IT, telecom sector – Positive
https://tribune.com.pk/story/2466762/pakistan-us-agree-to-boost-cooperation-in-it-telecom-sector

Juices, cigarettes prime focus; Govt plans to rationalise FED regime in budget – Negative
https://epaper.brecorder.com/2024/05/16/12-page/993161-news.html

Non-filers; FBR proposes WHT raise on cash withdrawal from banks – Negative
https://epaper.brecorder.com/2024/05/16/1-page/993072-news.html

Import of black tea: Govt decides to revise structure of duties, taxes – Negative
https://www.brecorder.com/news/40303667/import-of-black-tea-govt-decides-to-revise-structure-of-duties-taxes

Businessmen, industrialists discuss challenges faced by investors – Negative
https://epaper.brecorder.com/2024/05/16/4-page/993098-news.html

MSCI FM Index; Pakistan’s weight to go up by 30-40bps with NBP’s addition – Positive
https://epaper.brecorder.com/2024/05/16/12-page/993157-news.html

IHC approves Imran Khan’s bail in £190m reference
https://www.thenews.com.pk/latest/1189339-ihc-approves-imran-khans-bail-in-190m-reference

Fazl urges political parties to end dependence on establishment for electoral success
https://www.dawn.com/news/1833663/fazl-urges-political-parties-to-end-dependence-on-establishment-for-electoral-success

Status of legislative memberships; Gilani, Dar, Aurangzeb, Musadik, 21 others will not be affected
https://epaper.brecorder.com/2024/05/16/3-page/993084-news.html

Oil prices rise on moderate US inflation data, strong demand
https://www.reuters.com/business/energy/oil-prices-rise-moderate-us-inflation-data-strong-demand-2024-05-16/

Asian Stocks Rally, Dollar Weakens After US CPI: Markets Wrap
https://www.bloomberg.com/news/articles/2024-05-15/stock-market-today-dow-s-p-live-updates?srnd=markets-vp